Answer:
$2.10
Step-by-step explanation:
The annual dividend will be increased at a constant rate of 1.65% annually.
Therefore:
Let $1.84 be this years payment
For next year, payment = $1.84+(1.65% of $1.84) = 101.65% of $1.84
When we have sequences in which the next term is gotten by multiplication by a constant factor or percentage, it is a Geometric Sequence.
nth term of a Geometric Sequence, ![U_n=ar^{n-1}](https://tex.z-dn.net/?f=U_n%3Dar%5E%7Bn-1%7D)
First term, a=1.84
Common ration=101.65%=1.0165
n=8+1=9
![U_n=ar^{n-1}\\U_9=1.84 X 1.0165^{9-1}\\=1.84 X 1.0165^8\\=2.097](https://tex.z-dn.net/?f=U_n%3Dar%5E%7Bn-1%7D%5C%5CU_9%3D1.84%20X%201.0165%5E%7B9-1%7D%5C%5C%3D1.84%20X%201.0165%5E8%5C%5C%3D2.097)
The dividend 8 years from now will be $2.10.
Step-by-step explanation:
Their leaders were Charles Tupper and Adams george Archibald
Answer: 10 4/5
Convert the mixed numbers to improper fractions
Use the algebraic formula for addition of fractions:
a/b + c/d = (ad + bc) / bd
Reduce fractions and simplify if possible
Answer: 17
Step-by-step explanation:
Answer:
-6/4 or -1.5
Step-by-step explanation:
because they have the same denominator, this would basically be (-3-3)/4
this can be reduced to -6/4, or -1.5